Good Morning Traders! It is Thursday 11th May, the day we get the long awaited BoE Rate Decision.

Here is what to be aware of before we kick off the session.


Internal documents made available through a Freedom of Information request revealed that the Australian central bank considered alternative policy path scenarios in which its key interest rate peaked at 4.8%, a level that would have brought inflation back to its 2-3% target by the end of 2024 while preventing significant harm to the labour market.

Consumer inflation in China slowed to its lowest level in two years in April, while producer prices further deflated due to weaker domestic demand and lower commodity prices.

By requesting a rush of meetings and phone calls, the Biden administration is attempting to make it difficult for China to deny involvement. This policy aims to lower tensions and portray President Xi Jinping as stubborn if he declines.

Oil increased for the fourth day in a row as traders anticipated supply disruptions and as US inflation eased.

According to a carefully monitored survey by property appraisers, there are indications that the UK housing market's decline may soon recover. According to the results of a member survey conducted by the Royal Institution of Chartered Surveyors on Thursday, year-ahead sales estimates increased to a net balance of 3% in April from 1% a month earlier.


07:00 AM ET
BoE Bank Rate
Median Forecast 4.50% | Prior 4.25% | Range 4.5%/4.25%

BoE MPC Vote Cut
Median Forecast 0 | Prior 0

BoE MPC Vote Hike
Median Forecast 7 | Prior 7

BoE MPC Vote Unchanged
Median Forecast 2 | Prior 2

BoE Meeting Minutes

BoE Monetary Policy Report

07:30 AM ET
BoE's Press Conference


05:25 AM ET
BoE's Stheeman Speaks

06:30 AM ET
ECB's De Cos Speaks

08:00 AM ET
ECB's Schnabel Speaks


Good Luck Today Traders!